Despite the public holidays in Germany and in the USA the currency market is very active.
During the trading session on Monday the euro – US dollar pair upticked to 1 dollar 26 cent, but it was unable to hold the gains. And fell by 100 pips thereafter to the mark of 1 dollar 25.15 cent.
The only important news on the Monday market appeared the results of the social survey in Greece, which demonstrated that the population of the country favours more the party “New Democracy” which is for the course to follow the rules of financial aid allocation imposed by the Euro group and by the IMF.
This news calmed down the markets which were shivering anticipating Greece leaving the Eurozone.
The new elections will be held on June 17. And the new trench Greece is to receive in late June, right when the country will be lack of its own funds. Thus it will be unable to pay for the national debt.
Still it should be noted that the coalition party Siriza lags behind the leader only by 1.5-5%.
And this difference is not high taking into account inaccuracy of such surveys. This means the risks still remain high.
